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MIAMI (AP) — MIAMI (AP) — Royal Caribbean Cruises Ltd. (RCL) on Tuesday reported a loss of $500.2 million in its fourth quarter.
The Miami-based company said it had a loss of $1.96 per share. Losses, adjusted for non-recurring costs and to extinguish debt, were $1.12 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of $1.37 per share.
The cruise operator posted revenue of $2.6 billion in the period, which met Street forecasts.
For the year, the company reported a loss of $2.16 billion, or $8.45 per share. Revenue was reported as $8.84 billion.
Royal Caribbean expects full-year earnings in the range of $3 to $3.60 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a RCL">Zacks stock report on RCL at https://www.zacks.com/ap/RCL